Zalando continues rise earns 155 million euros first 2021 half and its orders skyrocket a 41% - Zalando continues to grow its results: the German fashion marketplace obtained an attributed net profit of 154.9 million euros in the first 6 months of 2021, which represents a growth of 328% more than what was recorded in the first half of 2020, according to the company. At the start of 2020 it assumed losses of 86.4 million.
If we consider what was noted in the second quarter, the firm earned 120.4 million euros, which represents a decrease of 1.8% compared to its result for the same period in 2020, when the group shot up its profit to 122 million euros.
From the company highlight that the customers acquired during the first period of restrictions in 2020 continued to be "very active". They are, even, with a greater relaxation of measures which has led to the gradual opening of shops.
David Schröder, the financial director of the marketplace, has highlighted, even above the financial benefit, the commitment of customers and brands to Zalando. Relevance, he adds, which in the long term demonstrates how solid and successful the group's business strategy is.
Zalando continues rise earns 155 million euros first 2021 half
Returning to the 6 months of the year, the company's turnover stood at 4,970 million euros, 40% above the 3,558 million euros in revenue obtained in the same period of 2020. If we consider only what was generated in the second quarter of the year, the figure reaches 2,733 million, 699 million more compared to what was recorded a year earlier.
Visits to its online store rebounded by 30.3% to 1,688 million. Active users rose to 44.5 million, an increase of 30.6% over the second quarter of 2020. The number of orders grew by 41.6% to 65.6 million. Each user placed 5 orders on average, 6.4% more, and the shopping basket grew by 1.4% to 57.7 euros.
Gross operating income (ebitda) reached 375.5 million euros, compared to 188.1 million euros in the first half of 2020. This means talking about a growth of 99.5%
Zalando continues rise earns 155 million euros first 2021 half
For its part, the German company's gross merchandise volume (GMV) increased by 46% over the previous year, to around 6,700 million euros (6,943). If we look only at the second quarter of the year, the company's GMV increased by 40% over the previous year, to around 4,800 million euros (3,787).
In the previous results, the German company improved its forecasts for the rest of the year. Now, and, in view of the good course of the results, it maintains them. In this way, Zalando expects its turnover to scale between 26% and 31%, to place it at 10,500 million euros. It also expects to see a growth of up to 36% in the gross volume of merchandise, which in the best scenario would be 14,600 million euros.
Zalando continues rise earns 155 million euros first 2021 half
Schröder has acknowledged the company's expectations in the recent alliance with Sephora, the chain of the LVMH group. The goal, Zalando explained, was to create"a definitive online meeting point for the beauty sector for millions of customers and reinvent the way cosmetics are bought online". The project would start in Germany in the last quarter of this year and will be extended to other markets in 2022.
In parallel, Zalando has expanded its Europe, launching the platform in 6 new markets: Lithuania, Slovakia, Slovenia, Croatia, Estonia and Latvia
Currently, the e-commerce platform has a cash flow of 2,298 million euros, compared to the 1,377 million euros it had at 30 June 2020. Zalando has 15,822 employees, which also represents an increase of 11.4%.
Zalando continues rise earns 155 million euros first 2021 half
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These workers are required to retire at the age of 65 and do not have to wait for the minimum contribution time
Reaching retirement age is a source of happiness for many workers, who after so many years working want a well-deserved break to devote their time to other activities.
However, reaching the requirements for retirement is not easy and it is necessary to meet different demands for which time is required. For example, waiting to turn 66 or having contributions 37 years and 6 months.
In addition, in order to obtain the minimum pension, it is mandatory to have contributed for at least 15 years, and that 2 of the last years of contribution are in the 15 years prior to retirement.
If these requirements are not met, the retiree may have access to a non-contributory pension, the current amount of which is Euro402.8 per month.
Once you know these requirements to retire and receive a pension it is worth reviewing the exceptions as well, since you may find yourself in a similar situation.
According to the Social Security, there are some workers who must retire compulsorily at the age of 65 at most, and therefore do not need to reach a minimum contribution time. These professionals are those who belong to the regime of the Passive Classes of the State.
This group is composed of officials from the Administration, the Administration of Justice, the Cortes Generales and other constitutional or State bodies.
In addition, these conditions also apply to civil servants transferred to the autonomous communities, career soldiers, military complement scales, troops and professional seamen, knights cadets or students and candidates of military schools and academies.
But within this group it is necessary to point out 3 exceptions that do not have to retire at the age of 65. This is the case of officials of university teaching bodies, the group of magistrates, judges, prosecutors and lawyers of the administration of justice and property registrars admitted before 2015, who must forcibly retire at the age of 70.
Finally, it should be noted that the public administration also provides for 2 types of retirement for its employees before the mandatory retirement age:
Voluntary retirement: staff members with at least 30 years of service may retire at the age of 60. The staff of the Cortes Generales need 35 years to obtain this right.
Disability retirement: This exception is for those who suffer injuries or pathological processes that impede the performance of their functions. The time remaining for retirement age is credited as contributory, except for persons with less than 20 years of service who are not disabled for all professions, who will be deducted a 5% pension per year until reaching the age of 20.